Logik.io bags $25m Series B for AI-driven CPQ platform
Logik.io, a US-based fintech specialising in configure, price and quote (CPQ) solutions, has secured $25 million in Series B funding.
Logik.io secures $25 million Series B
Existing backers GoBig, Emergence Capital, High Alpha, ServiceNow Ventures and Salesforce Ventures supported the round, after previously leading the fintech’s $16 million Series A in May 2023. Permanent Capital joined the Series B as a new investor.
CEO Christopher Shutts, who co-founded Logik.io in 2019, explains that although the company “still had our Series A capital on the books”, the decision to pursue a Series B was driven by a growing desire to support “new projects”.
Developments to date include an office launch in Bengaluru, India, partnerships with Adobe, ServiceNow and Shopify, and several new product launches.
Based in Deerfield, Illinois, Logik.io offers an AI-powered CPQ solution which combines a product configuration and recommendation engine with a centralised transaction management hub to streamline complex omnichannel transactions for businesses.
Fresh additions to the fintech’s suite include a transaction manager, a migration tool for transferring CPQ data from legacy systems, and Cosmo AI, which introduces AI-driven capabilities for enhanced user experience, product recommendations and rule writing.
